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Money

U.S. retail sales unexpectedly fall in May

U.S. retail sales unexpectedly fell in May as motor vehicle purchases declined amid shortages, and record high gasoline prices pulled spending away from other...

Bitcoin tumbles to new 18-month low

Bitcoin fell on Wednesday to a new 18-month low, dragging down smaller tokens with it, as the recent tumble in crypto markets showed no...

Ford recalls 49,000 U.S. Mach-E EVs over potential power loss

Ford Motor Co said Tuesday it is recalling about 49,000 Mustang Mach-E electric vehicles in the United States because a part could overheat and...

U.S. bear market growl could beckon recession

The bear market in U.S. stocks could be a prelude to even tougher times to come: a market swoon has often come hand-in-hand with...

U.S. producer prices increase strongly in May

U.S. producer prices increased solidly in May amid a surge in the cost of energy products, suggesting inflation could remain elevated for a while. The...

Russia’s war may deprive the world of three Ukrainian wheat harvests

Russia's invasion of Ukraine will create a global wheat shortage for at least three seasons by keeping much of the Ukrainian crop from markets,...

Bitcoin nears MicroStrategy ‘margin call’ price

Bitcoin neared a price level on Tuesday that could force software firm MicroStrategy Inc to stake more tokens against a bitcoin-backed loan or trigger...

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